WSJ: Southeastern Grocers looking at sale - Jacksonville Business Journal

Jacksonville-based Southeastern Grocers Inc. is exploring a sale, according to the Wall Street Journal, who cSuch a move would come almost two years after the parent company of Winn-Dixie, Harvey's and Fresco y Mas canceled plans for an initial publishing offering that was set to raise $142.4 million.

It would also come at a time of consolidation in the industry: Kroger — which has almost 10% of the national grocery market share — is set to acquire Albertsons’ 2,273 stores in 34 states and D.C., picking up somewhere on the order of 5.5% of the market. Southeastern Grocers, which runs about 420 stores primarily in the Southern U.S., was expected to generate about $9.6 billion in sales in 2020, the Journal said, citing the company’s filings with the Securities and Exchange Commission related to the planned initial public offering.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

WSJ: Southeastern Grocers looking at sale - Jacksonville Business JournalAny sale would come at a time of consolidation in the industry.
Источник: JaxBizJournal - 🏆 599. / 51 Прочитайте больше »

TikTok faves Savannah Bananas add another game to Jacksonville stop - Jacksonville Business JournalThe Bananas will face off against the Party Animals at 121 Financial Ballpark in March.
Источник: JaxBizJournal - 🏆 599. / 51 Прочитайте больше »

Jacksonville MedMen locations rebranded after acquisition - Jacksonville Business JournalThe brand, named after a famous Florida pot smuggler, is debuting with a party at Pete's Bar.
Источник: JaxBizJournal - 🏆 599. / 51 Прочитайте больше »

Bitty and Beau's Coffee location in Jacksonville to celebrate grand opening - Jacksonville Business JournalThe franchise was started, in part, to help those with disabilities find jobs.
Источник: JaxBizJournal - 🏆 599. / 51 Прочитайте больше »

TikTok faves Savannah Bananas add another game to Jacksonville stop - Jacksonville Business JournalThe Bananas will face off against the Party Animals at 121 Financial Ballpark in March.
Источник: JaxBizJournal - 🏆 599. / 51 Прочитайте больше »